Posted:
#1
Not there yet but the other thread has reached a limit of sorts.
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March Stock Talk I
Posted:
#6
Been crazy in markets lately. I haven't been in industry real long but I can say I have never seen so much exitement about an ipo as I have about VISA or V. Non stop all day long all week people asking about it. Not sure if this means anything to anyone though, just interesting. Anyone check out KERX, crazy option prices will be looking at it in more detail over the weekend.
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Posted:
#7
RBS: I'm not sure why I continue to torture myself in the financials, but with the US monetary policy an absolute abortion, I've started to look overseas. Heck, if the defense department can buy/invest in companies abroad, why not me. There has been a lot of chatter about RBS lately. RBS just reported solid 2007 results, raised it's dividend, added to it's reserve for bond exposures, and there is speculation Qatar is building a position. S&P also has a buy on them, for whatever that's worth. The fact that they raised their dividend, which currently is a crazy 12%, makes me comfortable with building a long position here.
Thoughts?
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Posted:
#8
From Buffett, pointing out the obvious to those who seem to think Soverieng Wealth Funds are somehow doing something evil...no, i's just simple economics, and one that makes me wonder why they haven't done it before now...
There’s been much talk recently of sovereign wealth funds and how they are buying large pieces of American businesses. This is our doing, not some nefarious plot by foreign governments. Our trade equation guarantees massive foreign investment in the U.S. When we force-feed $2 billion daily to the rest of the world, they must invest in something here. Why should we complain when they choose stocks over bonds?
There’s been much talk recently of sovereign wealth funds and how they are buying large pieces of American businesses. This is our doing, not some nefarious plot by foreign governments. Our trade equation guarantees massive foreign investment in the U.S. When we force-feed $2 billion daily to the rest of the world, they must invest in something here. Why should we complain when they choose stocks over bonds?
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Posted:
#9
I think he needs to add the real reason.
The Federal Reserve is making our companies, our assets, our country on sale by the tune of 40-60% over historic levels. By turning our currency into garbage, they make it easy for foreign entities/funds/individuals to come in and purchase our assets at artificially lower prices all for the purpose of staving off the recession.
The stocks over bonds argument is nothing more than finding what makes more sense financially and making the better decision. His explanation makes little sense to me since bonds are yielding NOTHING because the Fed is cutting rates like crazy, add that they are devaluing the dollar and any person with an ounce of intelligence would see that buying bonds is ridiculous and buying our strong companies stock is what the play is.
Then when the tables are turned and the currencies equal out, you sell those assets and make a nice return.
The only reason I could see buying US debt is that the credit strength is higher and when you factor in the devalued currency, the real yield is probably better on the 30yr than what you could get from a foreign instrument of equal credit worthiness..meaning the 30yr treasury is yielding about 4.5%, but when you factor in the currency devaluation, that real yield is much higher, especially for European owners of our debt.
Buffett gets too much credit, I think he missed the point in his comment.
The Federal Reserve is making our companies, our assets, our country on sale by the tune of 40-60% over historic levels. By turning our currency into garbage, they make it easy for foreign entities/funds/individuals to come in and purchase our assets at artificially lower prices all for the purpose of staving off the recession.
The stocks over bonds argument is nothing more than finding what makes more sense financially and making the better decision. His explanation makes little sense to me since bonds are yielding NOTHING because the Fed is cutting rates like crazy, add that they are devaluing the dollar and any person with an ounce of intelligence would see that buying bonds is ridiculous and buying our strong companies stock is what the play is.
Then when the tables are turned and the currencies equal out, you sell those assets and make a nice return.
The only reason I could see buying US debt is that the credit strength is higher and when you factor in the devalued currency, the real yield is probably better on the 30yr than what you could get from a foreign instrument of equal credit worthiness..meaning the 30yr treasury is yielding about 4.5%, but when you factor in the currency devaluation, that real yield is much higher, especially for European owners of our debt.
Buffett gets too much credit, I think he missed the point in his comment.
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Posted:
#10
Wall,
Had I posted his comment without attribution you would have agreed with it, as your third and fourth paragraphs are merely a reiteration of it.
The dollar has become the carry trade currency of choice, not the yen.And it will be that until we rectify our trade imbalances, our monetary policies, our energy policies and essentially federal fiscal irresponsibility that has been entrenched throughout the last 50 years.
.That is a LOT change...which will NOT happen, especially not with a Democratic congress and White House.I would like to hear him explain how he manages to support both Democratic candidacies while knowing that fact.
In the future, I think I will slip his commentary in without stating who said it, as your detestation of Buffett blinds you to his rather simple observations on the state of things, observations that you agree with!!!
I
Had I posted his comment without attribution you would have agreed with it, as your third and fourth paragraphs are merely a reiteration of it.
The dollar has become the carry trade currency of choice, not the yen.And it will be that until we rectify our trade imbalances, our monetary policies, our energy policies and essentially federal fiscal irresponsibility that has been entrenched throughout the last 50 years.
.That is a LOT change...which will NOT happen, especially not with a Democratic congress and White House.I would like to hear him explain how he manages to support both Democratic candidacies while knowing that fact.
In the future, I think I will slip his commentary in without stating who said it, as your detestation of Buffett blinds you to his rather simple observations on the state of things, observations that you agree with!!!
I
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Posted:
#11
That is true, I really do not like Buffett, his lack of paying taxes, taking social security and the way he is hearlded for doing somthing 30 plus yrs ago, yeah I dont like the guy much. Now he and BRK are nothing more than a predatory hedge fund..only cherry picking sweet deals that the public, his so-called fan base could never participate in.
I did read that he sees weakness in the insurance business and that would hurt their profits..should be interesting to see.
Buffett is a nice person to quote but in the current market and current needs of retail investors, he is not someone I would recommend to try and follow using his beginners investing strategies.
Sorry for going off..that muni proposal of his really irked me..and I will probably never be able to look at him in the way I did in the past.
I did read that he sees weakness in the insurance business and that would hurt their profits..should be interesting to see.
Buffett is a nice person to quote but in the current market and current needs of retail investors, he is not someone I would recommend to try and follow using his beginners investing strategies.
Sorry for going off..that muni proposal of his really irked me..and I will probably never be able to look at him in the way I did in the past.
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Posted:
#12
Ah heck I know ya don't like him and I agree he has an image and b luff personality that masks what all investors are, opportunists.And of course a billionaire can invest in ways that a normal investor cannot.The richest man I knew, one of the richest in the country when alive, once advised me to buy old master paintings (!!) as if I could afford, oh, a Rembrandt or two.He was right, they were undervalued, but c'mon...
WB has withdrawn that muni proposal by the way, I think...
WB bets against the USD, tries to acquire assets for pennies on the dollar, and somehow does not come off as Gordon Gekko (sp?)...folksy manner helps a lot in the PR biz.But I think he admonitions at times are very sound for a beginning investor, such as, buy a stock you can understand, buy for serious fundamental reasons, and buy with a time span larger than a day traders.All true, too, yet as simple as it sounds, how many people do it?
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Posted:
#13
Yep..those in the business know what he is, but the image bugs me and the smugness of his company does too.
Enough of that though.
I think his buy and hold thinking is very old school and has been for most of the decade. You have to take profits when they are there, if that means in a day, you take them..if it means a year, you take them. He really doesnt need to worry about investing though, the last public company he bought was what, 10 yrs ago?
Investors of NON-mutual funds need a stronger discipline than what Buffett teaches. Mutual funds is a different approach, but individual stocks carry a MUCH higher degree of risk and need to be approached differently than he did in the 1900's
Enough of that though.
I think his buy and hold thinking is very old school and has been for most of the decade. You have to take profits when they are there, if that means in a day, you take them..if it means a year, you take them. He really doesnt need to worry about investing though, the last public company he bought was what, 10 yrs ago?
Investors of NON-mutual funds need a stronger discipline than what Buffett teaches. Mutual funds is a different approach, but individual stocks carry a MUCH higher degree of risk and need to be approached differently than he did in the 1900's
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Posted:
#14
Guys... check out www.ibankcoin.com. There's a section called the Peanut Gallery that you can sign up for and post. They have ratings and you can win you your own blog on the site, and you can share in the profits. i won a blog via posting about commercial real estate last month, and i continue to focus on that in my section.
some of you guys could add a lot of value to the site, and get a lot out of it as well.
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Posted:
#16
It depends..what utilities are you considering?
I know most utilities pass on a yearly rate bump, but costs of the energy are going up up up..coal has gone up a ton, the cost of uranium has as well.
Not sure I like utilities in general but some might be more interesting than others.
Gunners, thanks for the link..might check them out. I have done the forums deal over the years..been on some top notch ones and some which arent good.
When I want my forum fill I go to investorvilliage or IHub or techstocks and yahoo message boards. Then I have posted some other day trading forums here too which are good.
I dont have the full time capacity to devote to trading, plus I really see this year being a total bummer for the markets..I dont feel an urgency to rush in and buy anything just yet..so no need to research as much as in the past..that and I really have a group of stocks I like and not sure I have time for more (not saying your post was about that..just rambling)
I know most utilities pass on a yearly rate bump, but costs of the energy are going up up up..coal has gone up a ton, the cost of uranium has as well.
Not sure I like utilities in general but some might be more interesting than others.
Gunners, thanks for the link..might check them out. I have done the forums deal over the years..been on some top notch ones and some which arent good.
When I want my forum fill I go to investorvilliage or IHub or techstocks and yahoo message boards. Then I have posted some other day trading forums here too which are good.
I dont have the full time capacity to devote to trading, plus I really see this year being a total bummer for the markets..I dont feel an urgency to rush in and buy anything just yet..so no need to research as much as in the past..that and I really have a group of stocks I like and not sure I have time for more (not saying your post was about that..just rambling)
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Posted:
#17
I agree with Wall regarding utilities. Depends on the individual ones.I think inflation hurts utilities in general, and I see a boatload of inflation in the present and near future. I love dividends though, so naturally I follow utilities, but not to the extent I would claim any serious expertise in the area.
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Posted:
#19
LEH is working out NICELY..congrats on that trade.
Bot some IMB today, they are down on the TMA worries. I now cut my basis in half and that is a good thing. There is the risk to the stock going under, as with any in the sector but I will take my chances here.
Anyone have more info on that Rogers fund? Is it a public traded fund? I might be interested if they had some public trading vehicle, after research of course.
Bot some IMB today, they are down on the TMA worries. I now cut my basis in half and that is a good thing. There is the risk to the stock going under, as with any in the sector but I will take my chances here.
Anyone have more info on that Rogers fund? Is it a public traded fund? I might be interested if they had some public trading vehicle, after research of course.
0
Posted:
#20
Quote Originally Posted by Blue_Chip:
I want to get the forum's thoughts on utilities.
The sector is a great investment during times of economic struggle, and I think the current state of the market fits that bill. Also, the sector looks primed for a breakout from a technical standpoint.
What do you guys have?
if you are getting into utilities...find some that yield more than the 30 yr like SCG (which i love)
friend of a friend works for FHN's national mortgage arm...apparantly his division has been an enormous drain on the company so...the company will sell them off to met life
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Posted:
#21
Quote Originally Posted by wallstreetcappers:
LEH is working out NICELY..congrats on that trade.
Bot some IMB today, they are down on the TMA worries. I now cut my basis in half and that is a good thing. There is the risk to the stock going under, as with any in the sector but I will take my chances here.
Anyone have more info on that Rogers fund? Is it a public traded fund? I might be interested if they had some public trading vehicle, after research of course.
LEH is working out NICELY..congrats on that trade.
Bot some IMB today, they are down on the TMA worries. I now cut my basis in half and that is a good thing. There is the risk to the stock going under, as with any in the sector but I will take my chances here.
Anyone have more info on that Rogers fund? Is it a public traded fund? I might be interested if they had some public trading vehicle, after research of course.
pdf link for RJA
0
Posted:
#22
I was thinking of utilities as a whole (ETF ticker I think is XLU).
I know inflation hurts utilities, but I do not think inflation is/will be a problem.
The fat dividends are nice to have in choppy waters like this year will likely bring, and I think the companies can pass the increasing prices of energy (i.e. coal) to their customers (bottom line remains relatively stable).
These are just my thoughts on what vermeer and wsc brought up above. Thx again, guys, for sharing your thoughts.
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Posted:
#23
Quote Originally Posted by wallstreetcappers:
That is true, I really do not like Buffett, his lack of paying taxes, taking social security and the way he is hearlded for doing somthing 30 plus yrs ago, yeah I dont like the guy much. Now he and BRK are nothing more than a predatory hedge fund..only cherry picking sweet deals that the public, his so-called fan base could never participate in.
I did read that he sees weakness in the insurance business and that would hurt their profits..should be interesting to see.
Buffett is a nice person to quote but in the current market and current needs of retail investors, he is not someone I would recommend to try and follow using his beginners investing strategies.
Sorry for going off..that muni proposal of his really irked me..and I will probably never be able to look at him in the way I did in the past.
That is true, I really do not like Buffett, his lack of paying taxes, taking social security and the way he is hearlded for doing somthing 30 plus yrs ago, yeah I dont like the guy much. Now he and BRK are nothing more than a predatory hedge fund..only cherry picking sweet deals that the public, his so-called fan base could never participate in.
I did read that he sees weakness in the insurance business and that would hurt their profits..should be interesting to see.
Buffett is a nice person to quote but in the current market and current needs of retail investors, he is not someone I would recommend to try and follow using his beginners investing strategies.
Sorry for going off..that muni proposal of his really irked me..and I will probably never be able to look at him in the way I did in the past.
What do you mean his lack of paying taxes? He's said he doesn't even do any tax planning. But obviously he sits on a shitload of gains which don't get realized because he doesn't sell his BRK and then he eventually gives most of it away to charity which is deductible. Hard to really find fault in him with that.
0
funny in hindsight
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